Directorate Change

25 May 2012

Eurasian Natural Resources Corporation PLC

Appointments to the Board of Directors

London - The Board of Directors (the 'Board') of Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group'), today announces the appointment of two new Independent Non-executive Directors to the Board of ENRC with effect from the close of the Annual General Meeting on 12 June 2012, and the appointment of a Senior Independent Director with immediate effect.

The following Independent Non-executive Directors are joining the Board of ENRC:

Mr. Richard Burrows is Chairman of British American Tobacco p.l.c, having joined the Board of the company as a Non-executive Director in September 2009. Mr. Burrow's executive career has been with Irish Distillers, where he was Chief Executive from 1978 - 2000, and Pernod Ricard, where he was Co-Chief Executive from 2000 - 2005, based in Paris. His current non-executive roles include Rentokil Initial and Carlsberg, while he was Governor of the Bank of Ireland from 2005 - July 2009. Mr.Burrows is a member of the Trilateral Commission which fosters closer co-operation among democratic industrialised nations. He served as President of the Irish Business and Employers Confederation from 1998 - 2000, as Chairman of the National Development Corporation from 1984 - 1988 and Chairman of the Scotch Whisky Association 2006 - 2007.

Dr. Mohsen A. Khalil is Global Head of Climate Business Group at the World Bank/IFC. During his 14 years' tenure with the World Bank, Dr Khalil has held several managerial positions, among which Director of the Global Information and Communication Technologies Department, Director of IFC's Central Asia, Middle East and North Africa Department, and Chief Investment Officer in the Telecommunications, Transport, and Utilities Department. Before joining the World Bank, while also a Professor of Business at the American University of Beirut, Dr. Khalil served as Chief Advisor to the Lebanese Minister of Post and Telecommunications, Board Director of Lebanon's Autonomous Fund for Housing, and advisor to various governments and major corporations in the Middle East. He also worked with McKinsey & Co. Management Consultants, NASA/Goddard Space Flight Center and MITRE Corporation. Dr. Khalil holds a PhD in Electrical Engineering from the University of Southern California, an M.Sc in management from the Sloan School of Management at MIT, an M.Sc in Electrical Engineering from the University of Wisconsin-Madison, and a B.Sc. in Physics from the American University of Beirut.

Mr. Terence Wilkinson is appointed as Senior Independent Director.

Mr. Terence Wilkinson has been a non-executive Director of ENRC and a member of the Audit and Remuneration Committees since December 2011. He was Chief Executive and Chairman of Lonrho South Africa Limited from 1985 to 1996, then an Executive Director of Lonhro Plc. In 2000 he joined Ridge Mining plc as an Executive Director, serving as Chief Executive from 2003 to 2009. Mr Wilkinson is currently the Non-executive Chairman of Century Aluminum Co.

Following the appointments, the Board of ENRC currently comprises 12 Directors, seven of whom are Independent Non-executive Directors.

As part of a continuing evolution of the Group's corporate governance structure, membership of several of the Board Committees will be reviewed and a further announcement on this will be made in due course.

Mehmet Dalman, Chairman of ENRC, commented: "We are delighted to welcome such high calibre Directors to the Board. The Company will greatly benefit from Richard's impressive FTSE 100 experience, and invaluable emerging markets and transaction expertise. Mohsen brings a strong track record in project finance, as well as a global outlook together with in-depth knowledge of Africa and emerging markets. Their experience and insight will greatly assist us in the future development of the Group. In addition, I am pleased to welcome Terence Wilkinson as Senior Independent Director. His credentials are excellent and we look forward to his continued strong contribution to the Group."

For further information, please contact:

ENRC: Investor Relations

Mounissa Chodieva +44 (0) 20 7389 1879

Charles Pemberton +44 (0) 20 7104 4015

Alexandra Leahu +44 (0) 207 104 4134

ENRC: Press Relations

Julia Kalcheva +44 (0) 20 7389 1861

M: Communications

Hugh Morrison +44 (0) 20 7920 2334

Charlotte Kirkham +44 (0) 20 7920 2331

Andrew Benbow +44 (0) 20 7920 2344

About ENRC

ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. The Group's entities in 2011 employed on average 77,441 (2010: 74,098) people. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the twelve months ended December 31 2011, the Group had revenue of US$7,705 million (2010: US$6,605 million) and profit attributable to equity holders of the Company of US$1,577 million (2010: US$2,266 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.enrc.com.

Forward-looking Statements

This announcement includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will', or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include matters that are not historical facts or are statements regarding the Group's intentions, beliefs or current expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies, and the industries in which the Group operates. Forward-looking statements are based on current plans, estimates and projections, and therefore too much reliance should not be placed upon them. Such statements are subject to risks and uncertainties, most of which are difficult to predict and generally beyond the Group's control. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. The Group cautions you that forward-looking statements are not guarantees of future performance and that if risks and uncertainties materialise, or if the assumptions underlying any of these statements prove incorrect, the Group's actual results of operations, financial condition and liquidity and the development of the industry in which the Group operates may materially differ from those made in, or suggested by, the forward-looking statements contained in this announcement. In addition, even if the Group's results of operations, financial condition and liquidity and the development of the industry in which the Group operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in future periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations, changes in business strategy, political and economic uncertainty. Subject to the requirements of the Prospectus Rules, the Disclosure and Transparency Rules and the Listing Rules or any applicable law or regulation, the Group expressly disclaims any obligation or undertaking publicly to review or confirm analysts' expectations or estimates or to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any changes in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be construed as a profit forecast. The forward looking statements contained in this document speak only as at the date of this document.